Only 3 MiCA compliant stablecoins in the global top 50 — all Circle-linked

Only three of the top 50 global stablecoins by market cap are currently compliant with the EU's MiCA regulation, highlighting a significant gap between the market and the new rules. All three compliant tokens ($USDC, $USDG, and $EURC) are linked to Circle, with an upcoming MiCA review expected to address market competitiveness and potentially recognize foreign-regulated stablecoins.

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